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Home » Authors » Paul Muolo

Articles by Paul Muolo

Short Takes: Skyline Posts Strong Purchase Lending Numbers / Banks and CUs Pony Up to the IO Bar / Flagstar’s New Wealth Advisory Business / Thanks to AVMs and Google Earth, All Appraisers May be Toast / Frommeyer Leaves NAMB

April 4, 2017
Paul Muolo
A former Utah appraiser said she lost her job to AVMs and now drives a bus for $40,000 a year...
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Signs of Life in the Ginnie Mae Servicing Market? Not Really, but…

April 4, 2017
Paul Muolo
Servicing brokers believe that the relatively strong showing in Ginnie transfers in the fourth quarter might have been an aberration…
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Invitation Homes Reveals FY 2016 Results: a $96.8 Million Loss

April 3, 2017
Paul Muolo
Invitation Homes also has unsecured warehouse loan agreements with its sponsor…
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While Conventional Lending Faces Challenges, Nonprime May Soar

April 3, 2017
Paul Muolo
Angel Oak competitor Citadel Servicing Corp., Irvine, CA, is planning to come to market with its first deal, a rated security that could top $160 million…
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Short Takes: Fixing the GSEs: A Slam Dunk? / ‘Abundant’ Bipartisan Agreement? Huh? / How Rep. Jeb Gets There / Seller-Financing for Altisource / Paul Miller Departs FBR

April 3, 2017
Brandon Ivey and Paul Muolo
We've an opinion or two from mortgage lobbyists that Rep. Hensarling might be open to some type of government guaranty on MBS, but how he might agree to such an animal has yet to be revealed…
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Walter Investment’s Chief Legal Officer Jonathan Pedersen Resigns

March 31, 2017
Paul Muolo
No reason was given by Walter Investment for the resignation.
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What We’re Hearing: Uncle Sam’s Cash Cow: Mortgages / Time to Kill the GSE CRT Deals? / Should a Conservator Conserve? / A Large Earnings Decline for Ginnie Mae / Bank of America Gets Slapped with a Huge Penalty – and a Kafka Analogy as Well

March 31, 2017
Paul Muolo
But isn’t the job of a conservator to preserve assets? If CRT deals are bad financially for Fannie and Freddie, isn’t it time to pull the plug on them?...
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Mortgage Industry Expects FHFA Chief Watt to Change the GSE Dividend; Five Senators Warn Against It

March 30, 2017
Paul Muolo
However, on Wednesday, five members of the Senate Banking Committee wrote to FHFA Director Mel Watt, warning him against taking any administrative action that might alter the dividend payment.
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PHH CEO Glen Messina is Out; CFO Crowl Will Take Over in Late June

March 30, 2017
Paul Muolo
Despite the huge losses posted by PHH, James Egan, chairman of the board, said Messina “has led PHH with vision, decisiveness and integrity through one of the most turbulent periods in the mortgage industry in decades...”
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GSE Dividend Brouhaha Breaks into the Open; Senators Warn About Nixing it; FHFA Complies (For Now)

March 30, 2017
Paul Muolo
But the issue is hardly settled. Ron Haynie, senior vice president of mortgage policy at the ICBA, told Inside Mortgage Finance that he expects a change in the dividend payment this year.
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